How New Fuel Restrictions for Arctic Shipping Fall Short of Environmental Goals
New UN fuel restrictions for Arctic shipping aim to protect the environmental goals but fall short in scope, say green groups, citing ongoing risks from black carbon emissions
Sohar Port and Freezone Pioneers Oman’s Path to Carbon Neutrality with SOHAR Net Zero Alliance
Sohar Port and Freezone (SOHAR), a key player in Oman’s thriving industrial landscape, has taken a meaningful step towards accelerating the nation’s transition to carbon neutrality by 2050. In a groundbreaking move, SOHAR has officially introduced the SOHAR Net Zero Alliance, a collaborative initiative that brings together its industrial tenants to pursue a sustainable, carbon-neutral […]
National Bank of Kuwait-Egypt Achieves Impressive Growth with Strong Financial Performance
NBK-Egypt Achieves Record Profits, Paving the Way for Growth and Innovation in Egyptian Banking. Strong financial results, strategic investments, and a commitment to sustainability position NBK-Egypt as a leader in the industry. Discover how this resilient bank is shaping the future of banking in Egypt.
OCBC Bank Launches New Net-Zero Aligned Loan for Corporates
To encourage the corporate sector to reach net zero targets well in time, the Singapore-based Oversea-Chinese Banking Corporation (OCBC) has launched a new net-zero-aligned loan for corporates.
Unlocking the Future of ESG Investments
The rise of environmental, social, and governance (ESG) investments has seen an increase in demand for such products in the asset management market. However, concerns around the lack of clear ESG standards and the potential for “greenwashing” have regulators proposing new rules and guidance. Asset managers must ensure their ESG products deliver genuine outcomes to meet regulatory standards, but face challenges in finding enough investable opportunities in the market. The creation of high carbon transition funds by large institutional investors may offer a solution to the traditional divestment approach, contributing to real economy emission reductions. Firms launching new ESG products must stay ahead of the evolving regulatory environment, with KPMG’s Asset Management team offering effective ESG strategies and regulatory analysis to stay competitive.
Analysis: Democrats score big wins on climate, drugs with $430 billion U.S. Senate bill
Democrats scored a major policy victory when the U.S. Senate passed a $430 billion climate change, healthcare and tax bill that will help reduce the carbon emissions that drive climate change while also cutting drug costs for the elderly.
Malaysia Airlines nears deal for Airbus A330neos – sources
Malaysia Airlines is nearing a deal for Airbus SE (AIR.PA) A330neos to replace its fleet of 21 earlier-model A330s, two sources familiar with the matter said.
Exclusive: Didi pursues EV stake, aiming to emerge from regulatory shadows
China’s Didi is in talks with state-backed Sinomach Automobile (600335.SS) to buy a third of its electric-vehicle unit, two sources said, signalling the ride-hailer’s regulatory troubles are in the rear view mirror as it focuses on growth.
EXCLUSIVE Ontario Teachers to invest up to $1 bln in Macquarie offshore wind unit
Major Canadian pension fund Ontario Teachers’ Pension Plan has agreed to invest up to $1 billion in a new offshore wind business launched by Australia’s Macquarie Group Ltd (MQG.AX) to develop projects around the world, the companies told Reuters on Thursday.
In Zimbabwe, coal power project seeks other backing after China’s U-turn
A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects overseas.
